Concentric Capital Strategies LP Makes New Investment in AptarGroup, Inc. (NYSE:ATR)

Concentric Capital Strategies LP acquired a new stake in AptarGroup, Inc. (NYSE:ATR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 39,003 shares of the industrial products company's stock, valued at approximately $6,127,000. Concentric Capital Strategies LP owned about 0.06% of AptarGroup as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Stonebridge Financial Group LLC bought a new position in shares of AptarGroup during the 4th quarter worth $42,000. Park Place Capital Corp bought a new position in shares of AptarGroup during the fourth quarter valued at approximately $67,000. Principal Securities Inc. increased its holdings in AptarGroup by 328.4% during the fourth quarter. Principal Securities Inc. now owns 437 shares of the industrial products company's stock valued at $69,000 after buying an additional 335 shares during the period. Huntington National Bank raised its stake in AptarGroup by 35.1% in the fourth quarter. Huntington National Bank now owns 462 shares of the industrial products company's stock worth $73,000 after buying an additional 120 shares in the last quarter. Finally, Johnson Financial Group Inc. purchased a new stake in AptarGroup during the fourth quarter worth $75,000. 88.52% of the stock is currently owned by institutional investors.

Insider Activity at AptarGroup

In other news, CEO Stephan B. Tanda sold 11,329 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $152.39, for a total value of $1,726,426.31. Following the completion of the transaction, the chief executive officer now owns 204,986 shares of the company's stock, valued at approximately $31,237,816.54. This trade represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.68% of the stock is currently owned by company insiders.

AptarGroup Stock Performance

Shares of AptarGroup stock opened at $151.20 on Wednesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.95 and a current ratio of 1.38. The business's 50 day moving average price is $146.47 and its 200 day moving average price is $156.00. The company has a market cap of $9.97 billion, a price-to-earnings ratio of 27.29, a PEG ratio of 3.89 and a beta of 0.58. AptarGroup, Inc. has a one year low of $130.85 and a one year high of $178.03.

AptarGroup (NYSE:ATR - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.04. AptarGroup had a net margin of 10.45% and a return on equity of 15.56%. The firm had revenue of $887.31 million during the quarter, compared to analysts' expectations of $894.26 million. During the same period last year, the business earned $1.26 earnings per share. AptarGroup's revenue was down 3.1% compared to the same quarter last year. On average, research analysts predict that AptarGroup, Inc. will post 5.57 EPS for the current year.

AptarGroup Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 1st will be paid a $0.45 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.19%. AptarGroup's payout ratio is presently 32.85%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Raymond James cut their target price on AptarGroup from $190.00 to $175.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. Robert W. Baird decreased their price objective on AptarGroup from $185.00 to $160.00 and set an "outperform" rating for the company in a report on Monday, February 10th. Wells Fargo & Company restated an "overweight" rating and set a $170.00 target price (up from $162.00) on shares of AptarGroup in a research note on Tuesday. Finally, StockNews.com raised AptarGroup from a "hold" rating to a "buy" rating in a report on Monday. One analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $178.60.

AptarGroup Profile

AptarGroup, Inc designs and manufactures a range of drug delivery, consumer product dispensing, and active material science solutions and services for the pharmaceutical, beauty, personal care, home care, and food and beverage markets. The company operates through Aptar Pharma, Aptar Beauty, and Aptar Closures segments.

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